Nicolet Bankshares (NYSE:NIC) Director Sells 3,575 Shares of Stock

Key Points

• Director Robert Atwell sold 3,575 Nicolet Bankshares shares for about $618,082 at an average price of $172.89, reducing his stake by 9.39% to 34,483 shares. He had also sold 3,556 shares in October.
• Nicolet reported quarterly EPS of $3.15, topping the $3.07 consensus estimate, and revenue of $174.43 million, also above expectations.
• The company declared a quarterly dividend of $0.36 per share, equivalent to $1.44 annually and a 0.8% yield; analysts’ consensus rating was “Moderate Buy,” with an average price target of $184.80.

Nicolet Bankshares Inc. (NYSE:NIC - Get Free Report) Director Robert Atwell sold 3,575 shares of the business's stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $172.89, for a total value of $618,081.75. Following the transaction, the director owned 34,483 shares in the company, valued at approximately $5,961,765.87. This represents a 9.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert Bruce Atwell also recently made the following trade(s):

• On Friday, October 23rd, Robert Atwell sold 3,556 shares of Nicolet Bankshares stock. The stock was sold at an average price of $171.22, for a total value of $608,858.32.

Nicolet Bankshares Stock Up 1.8%

Shares of NYSE NIC traded up $3.04 on Monday, hitting $176.16. The company had a trading volume of 134,213 shares, compared to its average volume of 207,283. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.04. Nicolet Bankshares Inc. has a 12-month low of $118.33 and a 12-month high of $180.00. The firm has a market capitalization of $3.66 billion, a P/E ratio of 19.49 and a beta of 0.67. The business has a 50 day moving average of $168.10 and a two-hundred day moving average of $157.98.

Nicolet Bankshares (NYSE:NIC - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $3.15 EPS for the quarter, beating the consensus estimate of $3.07 by $0.08. The business had revenue of $174.43 million for the quarter, compared to the consensus estimate of $173.64 million. Nicolet Bankshares had a return on equity of 11.27% and a net margin of 22.11%. As a group, equities research analysts forecast that Nicolet Bankshares Inc. will post 12.10 earnings per share for the current fiscal year.

Nicolet Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.44 annualized dividend and a yield of 0.8%. Nicolet Bankshares's dividend payout ratio (DPR) is 15.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NIC shares. Weiss Ratings raised shares of Nicolet Bankshares from a "buy (a)" rating to a "buy (a+)" rating in a research note on Wednesday, November 4th. Keefe, Bruyette & Woods upped their price objective on shares of Nicolet Bankshares from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. Piper Sandler raised their target price on Nicolet Bankshares from $194.00 to $196.00 and gave the company an "overweight" rating in a research note on Wednesday, October 21st. Finally, Stephens lifted their target price on Nicolet Bankshares from $185.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $184.80.

Institutional Trading of Nicolet Bankshares

Several institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its holdings in Nicolet Bankshares by 58.0% during the 3rd quarter. Sterling Capital Management LLC now owns 474 shares of the company's stock worth $77,000 after acquiring an additional 174 shares in the last quarter. TOWER TRUST & INVESTMENT Co acquired a new stake in shares of Nicolet Bankshares in the 3rd quarter valued at about $88,000. Parallel Advisors LLC lifted its position in shares of Nicolet Bankshares by 151.9% during the first quarter. Parallel Advisors LLC now owns 607 shares of the company's stock worth $90,000 after purchasing an additional 366 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Nicolet Bankshares by 82.1% during the first quarter. EverSource Wealth Advisors LLC now owns 630 shares of the company's stock worth $94,000 after purchasing an additional 284 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Nicolet Bankshares by 42.5% during the first quarter. KBC Group NV now owns 842 shares of the company's stock worth $125,000 after purchasing an additional 251 shares during the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

Nicolet Bankshares Company Profile

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